Market News

Seaport Global Securities downgraded D.R. Horton (NYSE:DHI) from Buy to Neutral due to concerns about slowing housing activity and weakening job growth, reflected in 15 analysts revising earnings downwards. The downgrade is attributed to a lower neutral job rate impacting homebuilders' efforts and undermining previous assumptions about demand stabilization. Despite these headwinds, D.R. Horton is considered undervalued by InvestingPro analysis with a consensus price target 14% higher than current levels.

U.S. refiner Phillips 66 anticipates nearly $900 million in pre-tax mark-to-market losses for its first quarter due to a sharp increase in commodity prices following the U.S.-Israeli war on Iran. These losses stem from the company's net short position in various derivatives contracts and are distributed across its refining, marketing and specialties, and renewable fuels segments. The surge in oil prices, with Brent futures up 64% and West Texas Intermediate up 52% in March, was driven by global energy market disruptions caused by Iran's effective closure of the Strait of Hormuz.

Dow Inc. (DOW) saw its stock slide by 2.03% in the latest trading session, underperforming the broader market. The company is set to release its earnings on April 23, 2026, with an anticipated EPS drop of 1,700.00% year-over-year. Despite the recent stock slide, Dow Inc. holds a Zacks Rank of #3 (Hold) and has seen significant upward revisions in its consensus EPS estimate over the past month.

Barclays has lowered its price target for PennyMac Financial Services (NYSE:PFSI) to $116.00 from $136.00, while maintaining an "overweight" rating, which implies a 28.8% upside. This adjustment comes after PennyMac reported an earnings miss and the stock is currently trading near its 52-week low. Insider selling has also increased, though insiders still hold a significant stake in the company.

Wall Street anticipates Tesla's Q1 deliveries to be approximately 372,160 vehicles, marking an 11% year-over-year increase but still significantly below its peak performance. This slowdown is attributed to cooling EV demand, the absence of U.S. federal tax credits, and a shrinking product lineup. Investor focus is shifting towards Tesla's long-term AI and robotics projects, including robotaxis and Optimus, as the core car business faces mounting pressure and increased spending concerns.

Booking Holdings (BKNG) stock has fallen to a new 52-week low of $167.77, down 21.5% year-to-date, due to mounting geopolitical risks, particularly from the Iran conflict. While Truist Securities maintained a Buy rating, it lowered its price target, noting BKNG's higher exposure to Asian and European energy markets compared to Expedia. Despite the drop, Mizuho upgraded Booking.com to its top pick, and InvestingPro data suggests the stock is undervalued.

NN, Inc. (NNBR) has filed its 2025 Form 10-K, reporting total indebtedness of $159.5 million and a Series D Preferred Stock carrying value of $112.4 million, along with 50,190,124 common shares outstanding as of February 13, 2026. The company disclosed significant customer concentration, with its top ten customers accounting for approximately 49% of net sales in 2025, and a revenue mix largely weighted towards North America. The report details financial performance, risk factors, and strategic initiatives for its Mobile Solutions and Power Solutions segments.